He also called on the Federal Reserve to further cut interest rates.
Thursday after the country’s economic minister said he wasn’t worried about the exchange rate.
Trump also called on the U.S. Federal Reserve to prevent “many” countries from devaluing their currencies by taking “advantage of our strong dollar.” Meanwhile, steel stocks are up in premarket trading, with AK Steel Holding Corp up 2.5%, U.S. Steel Corp. up 1.2%, and Steel Dynamics showing a modest gain., Brazil and Argentina have benefited from Trump’s China trade war by replacing the U.S. as a top exporter of farm goods.Whether the Fed will make another rate-cut decision based on Trump’s imploring. Their next meeting is scheduled for December 10 and 11.
This latest tariff move is the first time Trump has directly tied tariffs to currency value fluctuations, according to
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Trump Revives Brazil, Argentina Steel Tariffs, Swipes at Fed(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump is reinstating tariffs on steel and aluminum from Argentina and Brazil, nations he criticized for cheapening their currencies to the detriment of U.S. farmers, and
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Trump reinstates tariffs on steel and aluminum from Brazil and ArgentinaPresident Trump reinstates tariffs on steel and aluminum from Brazil and Argentina, citing the negative impact of currency devaluation in those countries on American farmers
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Trump announces restored tariffs on Argentina, BrazilPresident Trump announced this morning that he would reinstate tariffs on aluminum and steel imports from Argentina and Brazil
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Poll Finds Trump Supporters Think Trump Is Better Than Abraham LincolnMajority of Republicans think Donald Trump is better than Abraham Lincoln by six points in a new edition of the weekly tracking poll from Economist/YouGov. Republicans surveyed prefer Trump, 53 percent to 47 percent.
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